The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1887-08-17
Bulls ard Bsars Watching Each Other st.
New York Stack Exchange,
Ths Market Berg Simply Stsgnant Through
out Most CT the Day.
The Bulk Of Speculative Business il Chicago
Market Inclined to Corn,
Local Markets-wheats teady-Corn Lower
Oats IN Good Demaud-RJe
Nominal.

NEW YORK. August 15.-Money ON call easy
At 70 per cent; last loan at Ic; closed, offered
at &c. Prsme mercantile paper 6K97c; sterling
exchange dull but steady at 81 500 for 60 days,
and "a So for demand.
The total sales of stocks to-day were 1852
shares, including Delaware, Lackawana West
ern, 500 shares; Louisville & Nashville, 300;
Northwestern. $500; Pacific Nail, 1850; Reading
3,1O0; ST. Paul, 20,975; Union Pacific, 655o;
Western Union, s,S5s.
The week at the stock exchange opened with
little doing in the character of speculation, the
dealings stu being almost entirely in the hands
of professionals. There was no pressure 20 sell
stocks, but the buying was prinei-
pally to cover shorts, while there was no margin
whatever for outside business. There was con-
siderable strength in Pacific Mail on the stories
of dividend. and the room bulls bid up at
times Union Pacific, in which there was eonsid-
cradle buying by Boston, New England and one
or two others. The bulk of the fascination was
confined within very narrow limits, and had
little OF no significance. The bulls were deferred
from trading by the stories and rumors Of fu-
ture tight money, WhlAe the bears were AFRAID to
sell on account Of the general bullish feeling
and possible squeeze. There was no Jews of
character to affect values and very few rumors
of any importance whatever, the marlet being
simply stagnsnt throughout most of the day.
The opening was dull and irregular, with
changes from SATURDAYS final figures ranged up
to i per cent. both ways. The bulk of the busi-
ness was confined to half dozen stocks. and
while there was some strength shown in the
early dealings, prices soon yielded and lost
fractions which. however. were fully reeained
before noon, The traders made squirt OF actiY-
ity and strength after that time, and several
stocks were bid up fractional smoudts, but the
reaction quickly wiped out the gainss aud the
usual dullness succeeded.
The trading in railroad bonds betrayed the
some CHARACTERISTICS that in shares, being
dull and ieatureless with an irregular move
ment IN prices. The days total shows some lit
tie improvement over the average amount of
business done OF late, amour ting to SSO9.O0O.
Government bonds were dull and heavy.
state bonds we're generally steady.
Eastern Exchanges.
CHICAGO, August 15.-Bank clearings to-day
were S9.4S7. o0e- Exchange New York was
steady at 40c discount, and local money 6 per
cent with Few, II any features in the local mar
ket- Rates are firmly held and the supply SUI
NEW YORK, August i5.-Ciearing house state
ment: Exchanges, S60sO56,5SS; bslsnces, s, 1884,.
BOSTON. August I5.-Excha oges eI1,4s5, pa /:
balances 81, COZ, $50. Money per cent. Exchange
on New York II to 2Oc discount.
PHILADELPHIA. August 15.-Bank clearings
to-day Were e as 500; balances, s., 2o5 74g
day were 81 sos, 90i; balances, s26l,9 A,
Bar Silver.
NEW YORK, Aug. 15.-Bar silver 90.
Foreign EKchanges.
LONDON. August Is - D. m.-Consuls,
10. GIG for money and 1872 for account, u s.
bonds, Is, 1915; do. as, IL; A and G. W I'll
455s: Erie. SIS; Erie seconds, Jos; Mexican or,
binary. 50; ST. Paul common, S5ss; New York
161<